Chinese deputy finance minister Shi Yaobin has told a German newspaper his country would welcome the United States joining a new China-led Asian development bank.
The U.S. has advised countries to think twice before signing up to the AIIB, which it sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.
Shi said such concerns are unjustified.
China wanted to learn from the way these other institutions worked and, if possible, copy “the good rules” such as those on environmental and governmental standards as well as some procurement standards, said Shi.
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